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MarketScreener Homepage  >  Equities  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG

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RWE : SSE secures capacity contracts from RWE coal plant

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08/09/2019 | 04:17am EDT
FILE PHOTO: Innogy logo in Essen, Germany

LONDON (Reuters) - British energy supplier SSE has agreed with RWE Generation UK for the transfer of capacity market contracts from RWE's Aberthaw B power plant to SSE's Peterhead gas plant in Scotland, the firm said on Friday.

RWE is due to close its 1.56 gigawatt Aberthaw B power plant in Wales next year. Under Britain's capacity market, utilities are paid to provide electricity at short notice.

"This agreement means the station will be contracted through to September 2022, helping to safeguard customers’ power supplies by offering flexible and reliable generation capacity," said Stephen Wheeler, SSE managing director of thermal energy.

(Reporting by Nina Chestney; Editing by Alexander Smith)

Stocks mentioned in the article
ChangeLast1st jan.
RWE AG 0.59% 25.57 Delayed Quote.34.83%
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Financials (EUR)
Sales 2019 12 701 M
EBIT 2019 892 M
Net income 2019 865 M
Finance 2019 141 M
Yield 2019 3,13%
P/E ratio 2019 22,9x
P/E ratio 2020 12,7x
EV / Sales2019 1,15x
EV / Sales2020 0,88x
Capitalization 14 722 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 25,75  €
Last Close Price 25,60  €
Spread / Highest target 25,0%
Spread / Average Target 0,59%
Spread / Lowest Target -21,9%
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Managers
NameTitle
Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
Frank Bsirske Deputy Chairman-Supervisory Board
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